Using owned first house as a down payment on a second house?I am nearly paid off on my first house, and I would like to purchase a second house using my first house as down payment. I have a good credit, but I just do not have the cash for 20% down payment. Would a bank accept an equity in the first house as a down payment, or should I get a separate equity loan on the first house to use as a down payment? I am thinking having two loans would hurt rather than help. Thanks.November 15 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.